7% cap rate (NNN lease with corporate guaranty)
Industrial
for Sale
| Catylist Listing ID: |
30794179 |
| Property Subtypes: |
Flex Space, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Net Leased, Research & Development, Warehouse/Distribution, Other
|
| Building Size (RSF): |
4,882 SF
|
| Gross Building Area: |
15,000 SF |
| Sale Price: |
$1,242,000 |
| Unit Price: |
$254.40 PSF |
| Property Use Type: |
Net Leased Investment (NNN), Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
7.0% |
| Average Occupancy Rate: |
100 |
| Last Updated: |
5/12/2022 |
Overview / Comments
Newly leased cannabis manufacturing facility on Montgomery Blvd!!! Single tenant 100% occupied condo with $87,000 NOI in place on a 5 year NNN lease agreement (option to extend for 5 additional years). Over $500,000 of improvements by tenant in process for a very strong long-term commitment to the property. Very strong tenant financials providing strength and stability. Outstanding real estate to own long term with minimal landlord responsibility.
Over 34,000 vehicles per day drive by this site. New 277/480v electric service.
***May be purchased separately or combined with Condo C for an additional $1,242,000 at a similar cap rate.
|
Additional Details
| Nearest MSA: |
Albuquerque |
| County: |
Bernalillo |
| Submarket/Township: |
Far Northeast |
| Tax ID/APN: |
101806149302640420 |
| Zoning: |
MX-M - Mixed-use: Moderate Intensity |
| Property Located Between: |
Louisiana and San Pedro |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Good |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
21,524 |
157,066 |
348,787 |
| Median Age: |
38.36 |
40.22 |
38.79 |
| Households: |
10,187 |
71,660 |
153,099 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Commercial Association of REALTORS® New Mexico nor
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